Janus Triton Fund (JATTX)
Moderate Small to Mid-Cap Growth Equities

SHARE CLASS

FUND FACTS (JATTX)

Inception Date2/25/2005
NAV (As of 4/24/15 )$25.32
Total Net Assets (As of 3/31/15)$6.81B
Annual Expense Ratio
(As of fiscal year end 9/30/14)
GROSS 0.93%
NET 0.93%

Performance (As of 3/31/15)
1 Year19.18%
3 Year18.12%
5 Year18.63%
10 Year14.15%
Morningstar (As of 3/31/15)
CategorySmall Growth
Overall Rating™
(Based on risk-adjusted returns)

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656 Funds Rated
Equity
Style Box

Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. For the most recent month-end performance click here.

Net expense ratios reflect the expense waiver, if any, Janus Capital has contractually agreed to through 2/1/16.

Quarterly Commentary - Q1 2015

EXECUTIVE SUMMARY

Small-cap stocks climbed sharply in the first quarter of 2015, driven by an improving economy and the perception that the Federal Reserve will likely be slower to raise interest rates.

We underperformed our primary benchmark and outperformed our secondary benchmark during the period.

We see potential for greater volatility in the rest of 2015, but think our investment style is well suited for such an environment.

FUND MANAGEMENT

Jonathan Coleman, CFA

Fund Manager since 2013
Industry since 1994